Court Ruling Favors Citi Against Larry Hagman

By

Randall Smith

Feb. 10, 2011 7:51 p.m. ET

A California state court threw out an $11.6 million award to actor Larry Hagman for losses he suffered as a client of Citigroup Inc., saying an arbitrator should have disclosed his involvement in a comparable case.

The former star of the "Dallas" TV show, who had invested in securities and purchased a life-insurance policy through Citigroup, had requested $1.3 million in damages against Citigroup, alleging a breach of...